Earthport Share Discussion Threads

[danstillin] 09/10/2017 10:40

Oppenheimer with 18pc of the shares seem to think that the company has got potential.

[gogetter3] 09/10/2017 10:26

Chadders - Have you not read my post. The company have never made a profit in 18+ years with so many false dawns with losses running into the zillions.
You must be mad!!!

[chadders] 09/10/2017 08:36

Another potential deal previously announced they were working on that they have successfully landed. Top up time for me again.

I can hear the troll scrambling for his calculator.

[modetrade] 09/10/2017 08:15

Silkstag,

You bending the truth again.

Show me where in this RNS it states its significant or major. It is you who decided in your pathetic wisdom WU deal was big. You dreamed it was big. EPO, just ad they have done now, said its a deal and that's that.

A lie again from you, zero credibility.

Now, if you want to take note of Major or Significant, take note of epo saying India is significant. That's the one you note and nothing more. If this don't come through in serious volume then sure, yes, not don't try and make out as you're a compulsive bitter liar, this recent deal is anything else.

It's a deal, a good client and unless you have facts, you're lying. Go on, pick up the phone you weasel.

[madmonkflin] 09/10/2017 08:00

Don't get why they couldn't have put this out Friday. Wasting money on two corporate brokers one of which can't even get its articles right. Bloody useless.

[ssr23] 09/10/2017 07:44

EPO signs a major contract and we have a poster saying it’s a pointless RNS. Some you guys if you are invested here should,sell up and put all your money in a deposit account.

[madmonkflin] 09/10/2017 07:25

Another pointless rns

[arf dysg] 08/10/2017 21:15

josephmanna (13358)

"Hey Silkstag,

Note this word

OVERSUBSCRIBED
OVERSUBSCRIBED
OVERSUBSCRIBED
OVERSUBSCRIBED
OVERSUBSCRIBED"


No, that's not a word, that's FIVE words, which are coincidentally all spelled the same way. Even I can see that.

[arf dysg] 08/10/2017 21:11

Gordon Freaking Bennett!

The conversation here reveals a level of pain and suffering which makes me weep.

[gogetter3] 08/10/2017 20:00

I found this article by Paul Scott from Stockopedia in November 2013:

"Good morning! It's a quick rattle through the morning's small cap announcements today, as I'm off into London again for more meetings. Instem (LON:INS) has issued an in-line trading update, and details of a small (£1.0m) acquisition. Checking back through the archive here, I last reviewed this company's results on 27 Mar 2013, coming to the conclusion that the shares might be interesting at 121p. They have since risen to 164p (although practically all small caps have gone up by that sort of ratio over the last six months).


It looks a good steady company, making £1m+ profit each year for the last four years, but the Stockopedia graphics are not showing it as good value. The forecast PER is 18, which seems a pretty rich rating to me for such a small company that has not been delivering profit growth, and doesn't pay a dividend. So it's not of interest to me.
A new award category should be invented for Earthport (LON:EPO), perhaps the "plates spinning award", for the company which is able to keep promising great things (which never materialise), and continue raising wave after wave of cash, seemingly forever. Their results for the year ended 30 Jun 2013 are issued today (seriously, it's taken them almost 5 months to produce the figures!), and as usual they're diabolical. Turnover rose from £3.0m to £4.1m, and an operating loss of £8.1m was generated, a bit better than the previous year's £9.6m loss.

After yet another fundraising, they had £13.4m cash in the bank at 30 Jun 2013, and ignoring the £1.6m share-based charge on the P&L, their cash burn looks to be around £0.5m per month, so they should be able to keep those plates spinning for another two years before the latest lump of cash runs out.
Remarkably, the accumulated losses from this company now total £120.1m, and still no sign of anything even vaguely near a viable business emerging. As their own former FD told me about 6 years ago, when I visited their offices, "I can't believe people keep putting money into this!". Nor can I."

So up to June 2013 the losses amounted to £120m - anybody know what has happened in the next 4 years? Could the total losses be £160m?
And now they are raising another load of from more unsuspecting mums and dads and elsewhere.
I thought I was an idiot investing in this EPO but hindsight is a wonderful gift - what excuses have more recent investors got lined up?

[gogetter3] 07/10/2017 14:46

I bought a lot of shares( and I mean a lot) in EPO in the early dot com era which have been so seriously diluted they are now worth around £300.
For a company that has never made a profit with losses each year in the multi millions of pounds I can only stare in wonderment that they have had so many successful CR's over the years that either the public/insto's are gullible or have agendas (which I am not going to go into)!
I remember one shareholder lending the company several thousand pounds (it might have been well over a hundred thousand) to get them out of a tight spot. Whether he got his money back I am not sure)
I have lost track of the number of changes on the board of directors over the years and I don't recognise the current lot. Next time I look on their site I am sure it will have changed again.
Someone ought to write a book about Earhport called "How not to make money". It might be a best seller except it would be considered too far fetched to be true.

I have a feeling that Silkstag might have been a poster in the olden days ( he can correct me if I am wrong) so don't be too hard on him if that is the case. If I had been posting all these years I would be bitter and twisted by now, but if what I say is true what a wasted life!
Finally I must check on the accumulated losses over the years - if I find out I will report back.

[modetrade] 06/10/2017 18:56

silkstag


Shall we bring up your history of your posts which demonstrate how many times you were wrong. Shall we?

I'll let you know when we will all start it back up. don't worry some of your posts historically are so pathetic its unbelievable.

Right, when? talk about talking to yourself.

[chadders] 06/10/2017 18:22

As I said Pavlov's dog. PMSL

[silkstag] 06/10/2017 17:38

Angry Chadders, you posted c14 days ago you bought EPO shares @27.5p having been duped by the July trading update and fake news cannon. A few days ago you posted you bought more shares @21.5p having been duped by the bullish funding RNS. Your batch 1 is down 28% in 14 days. Your batch 2 is down 8% in 3 days. These are facts. You are angry about them. You should be angry with dirty EPO management and angry with yourself.
I have explained why your losses will increase. You seem too angry to process the data and logic. Wonder if you will be angry with the FY17 accounts loss? I expect yes!
Have a good weekend. Forget about EPO until Sunday night. Then decide if you wish to sell all your shares for 19-20p and find a better use of your cash, that does not make you angry.
Imho. Dyor

[silkstag] 06/10/2017 17:24

Angry ssr23, your tone implies you are not reliable at making your own decisions. And why have you engaged twice? At 15:49 you thought I was "insane". At 16:55 you think me an "idiot". Your inconsistency in just 66 minutes is a further warning about your unreliability. Maybe EPO holders have to have trouble processing facts in order to remain EPO holders after serial failures, huge losses and dilutions? Imho.

[silkstag] 06/10/2017 16:32

Ssr23, if you truly believed my posts had no use or merit you would filter them (as I have done with various bull trolls). Your anger is because I am right to be negative based on facts and trends.
E.g. when raising funds in September 2014 management forecast FY16 profit of +£7.5m. They delivered FY16 loss of -£8.2m. Hence a whopping £15.7m miss.

You worry about the share price slide when I warn the BB that this miss shows how outrageously inflated EPO management assumptions and targets are when they have put out their begging bowl.

I alerted that in October 2017 their fund raising assumption is the FY23 average transaction price will be in the range £2.25-3.25. I alerted that it crashed 35% in Fy16, slid a further 15% in fy17 and in a tech enabled global narket woykd obviously keep falling. I suggested £1.00-1.25 looked a mire sensible assumption. That would decimate the business model on which the 20p investors were duped.

Readers can decide if they agree with my commercial logic. FY15, FY16 and FY17 average unit price was £4.78, £3.12 and £2.64. Does that trend, in a volume tech enabled market suggest FY23 will be my mid estimate of £1.12 or dirty EPO investor-duping mid forecast of £2.75?

You allege my posts like this are "insane". I do not believe that is your true view. You are a scared holder. I suggest you grab the 19-20p and invest in a company that is profitable or on track to be so.
All imho. Dyor